NZD USD - Arrival to the weekly awaits Series 7
G'Day Traders and Analysts,
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged neutral, until the opportunity for a close reaches the profit taking zone. This will be activated as long, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at current we are Bullish
Master Key for zones
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
We are live
Previous analysis using sells - price will always revert back to the original Fresh Level - (from here on, Fresh Level).
This zone will be retested as the monthly and weekly departure needed to overall capture the FL based around $0.665-0.652 range.
The reason for this is clear as the FL has a 80-90 day consolidative zone where price has used price action to accumulate a strong buying imbalance.
At the current daily chart - price is conforming a Rally Base Rally, at present price is possibly forming a Base, this is where price will reconsolidate the strong zone and present another rally towards.
Monthly
This upper imbalance has been established through the top of the wick down to the close of the body on the candlestick in focus - taking place July 2017. Why here?
Well this has been a previous top of the structure where price has tested by looking right to 2018 and has been rejected where no wicks have created higher highs, solely lower highs, giving the high probability of this zone being the buyers imbalance take profit zone.
As with Imbalances, these are retested just like double bottom patterns and also on lower timeframes, considered consolidation patterns.
The lower imbalance which aligns with the Fibonacci extension (inverse) where a change of hands will occur with as the monthly candlesticks show a correctional two months - this whilst on the previous "covid" low - upon the rejection the imbalance formation had become this zone - reasons;
1. Price correction relieves the buying pressure and discounts additional opportunities
2. The second reason is due to the the previous Fibonacci "0" on the monthly aligns to the -0.618, -0.786 zone on the inverse Fibonacci.*[1]
See here*[1]
Weekly Chart - as posted
The weekly imbalance zooming into the correction based on the engulfing move from the true imbalance rejection - formed an eight week period of trading ranges which tested tested the engulfing weekly low netting the the low [28th September 2020], allowing buyers to begin the process of establishing the trading range as well as lower time frame of a rising channel creating higher lows and higher high wicks. From here this would ensue a breakout for buyers as a well established monthly range at the pivotal level gives a 95%confidence for a buying imbalance to continue to extension targets back to the arrival upon the OP.
Where the price chart was back in Dec 2021
Daily Chart Bearish Continuation
Judging by looking left - the zone below "0" has been tested - price will look to breakout from the low to correct to 0.694X as a test of the
Do you enjoy the setups?
Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged neutral, until the opportunity for a close reaches the profit taking zone. This will be activated as long, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at current we are Bullish
Master Key for zones
- Red = Three Month
- Blue = Monthly
- Purple = weekly
- Scarlet [Red] - Four day
- Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
We are live
Previous analysis using sells - price will always revert back to the original Fresh Level - (from here on, Fresh Level).
This zone will be retested as the monthly and weekly departure needed to overall capture the FL based around $0.665-0.652 range.
The reason for this is clear as the FL has a 80-90 day consolidative zone where price has used price action to accumulate a strong buying imbalance.
At the current daily chart - price is conforming a Rally Base Rally, at present price is possibly forming a Base, this is where price will reconsolidate the strong zone and present another rally towards.
Monthly
This upper imbalance has been established through the top of the wick down to the close of the body on the candlestick in focus - taking place July 2017. Why here?
Well this has been a previous top of the structure where price has tested by looking right to 2018 and has been rejected where no wicks have created higher highs, solely lower highs, giving the high probability of this zone being the buyers imbalance take profit zone.
As with Imbalances, these are retested just like double bottom patterns and also on lower timeframes, considered consolidation patterns.
The lower imbalance which aligns with the Fibonacci extension (inverse) where a change of hands will occur with as the monthly candlesticks show a correctional two months - this whilst on the previous "covid" low - upon the rejection the imbalance formation had become this zone - reasons;
1. Price correction relieves the buying pressure and discounts additional opportunities
2. The second reason is due to the the previous Fibonacci "0" on the monthly aligns to the -0.618, -0.786 zone on the inverse Fibonacci.*[1]
See here*[1]
Weekly Chart - as posted
The weekly imbalance zooming into the correction based on the engulfing move from the true imbalance rejection - formed an eight week period of trading ranges which tested tested the engulfing weekly low netting the the low [28th September 2020], allowing buyers to begin the process of establishing the trading range as well as lower time frame of a rising channel creating higher lows and higher high wicks. From here this would ensue a breakout for buyers as a well established monthly range at the pivotal level gives a 95%confidence for a buying imbalance to continue to extension targets back to the arrival upon the OP.
Where the price chart was back in Dec 2021
Daily Chart Bearish Continuation
Judging by looking left - the zone below "0" has been tested - price will look to breakout from the low to correct to 0.694X as a test of the
Do you enjoy the setups?
Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.